The variable capital company is a new corporate structure for all types of collective investment schemes in Singapore. Each VCC may comprise of one or more CIS, which can be open-ended or closed-ended funds.

On 22 March 2019, The Stock Exchange of Hong Kong Limited published a listing decision (LD121-2019) to provide guidance on the reasons for rejecting 24 listing applications in 2018, an eight-fold increase from 3 in 2017.